Equities analysts expect Voya Financial Inc (NYSE:VOYA) to post sales of $312.45 million for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for Voya Financial’s earnings, with estimates ranging from $285.18 million to $337.32 million. Voya Financial posted sales of $238.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 31.3%. The company is scheduled to report its next quarterly earnings report after the market closes on Tuesday, August 6th.
On average, analysts expect that Voya Financial will report full-year sales of $1.21 billion for the current financial year, with estimates ranging from $1.14 billion to $1.25 billion. For the next financial year, analysts expect that the business will post sales of $1.28 billion, with estimates ranging from $1.15 billion to $1.33 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Voya Financial.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, May 7th. The asset manager reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.05). Voya Financial had a return on equity of 8.45% and a net margin of 5.64%. The business had revenue of $194.00 million for the quarter, compared to analyst estimates of $272.72 million. During the same quarter last year, the business earned $1.03 EPS.
NYSE:VOYA traded down $0.78 during mid-day trading on Friday, hitting $56.06. The company had a trading volume of 709,211 shares, compared to its average volume of 1,377,861. The business has a fifty day simple moving average of $54.70. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.52. Voya Financial has a 1 year low of $36.66 and a 1 year high of $57.28. The company has a market capitalization of $8.18 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 0.42 and a beta of 1.44.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Friday, May 31st were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.07%. Voya Financial’s dividend payout ratio (DPR) is presently 0.99%.
In other Voya Financial news, Director Byron H. Pollitt, Jr. purchased 1,000 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were bought at an average price of $51.26 per share, with a total value of $51,260.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Patricia J. Walsh sold 1,870 shares of Voya Financial stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $53.69, for a total value of $100,400.30. Following the sale, the insider now directly owns 27,488 shares in the company, valued at approximately $1,475,830.72. The disclosure for this sale can be found here. Insiders own 1.69% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC raised its holdings in Voya Financial by 2.8% during the first quarter. Acadian Asset Management LLC now owns 2,424,257 shares of the asset manager’s stock worth $121,116,000 after purchasing an additional 66,864 shares in the last quarter. Scout Investments Inc. increased its holdings in shares of Voya Financial by 94.9% in the first quarter. Scout Investments Inc. now owns 2,336,388 shares of the asset manager’s stock valued at $116,726,000 after buying an additional 1,137,895 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Voya Financial by 24.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,090,289 shares of the asset manager’s stock valued at $83,902,000 after buying an additional 409,431 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of Voya Financial by 6.6% in the first quarter. Clearbridge Investments LLC now owns 1,994,280 shares of the asset manager’s stock valued at $99,634,000 after buying an additional 124,249 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Voya Financial in the fourth quarter valued at $67,212,000.
Voya Financial Company Profile
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.
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